Sichuan Huayou Group Co., Ltd. agreed to acquire 50% stake in Guizhou Gas (Group) Zunyi Bozhou District Gas Co., Ltd. from Guizhou Gas Group Corporation Ltd. (SHSE:600903) for CNY 93.4 million on April 20, 2023. Sichuan Huayou Group Co., Ltd. signed an Equity Transfer Agreement to acquire 50% stake in Guizhou Gas (Group) Zunyi Bozhou District Gas Co., Ltd. from Guizhou Gas Group Corporation Ltd. on July 18, 2023. As on March 31, 2023, generated total assets of CNY 273.2 million and net assets of CNY 187.7 million.

The transaction is approved by board of directors of Guizhou Gas Group Corporation Ltd. As of May 12, 2023, Guizhou Gas Group Corporation Ltd. shareholders has approved the transaction.